Wave Accounting Description

Free, powerful accounting software. Wave's simple-to-use accounting program can connect to your bank accounts, sync expenses, balance your books and prepare you for tax time. Get in control of your finances now. Wave was designed for small business owners. Wave is simple software that makes sense. Everything is set up once you create your account so that you can start right away. You can access it from anywhere and at any time. For added security, your data is always accessible and backed up. In seconds, you can connect your bank accounts. You can forget about manual receipt entry and the transactions will automatically appear in your bookkeeping. To make better business decisions, keep an eye on the big picture. Our robust reports are simple to use and provide month-tomonth and year-to-year comparisons, so you can identify cash flow trends. Tax time is easy when everything is in its right place.

Pricing

Pricing Starts At:
$35 per month
Pricing Information:
Free Plan, Pay-per-use Plan, and Monthly plan all offered.
Free Version:
Yes

Integrations

API:
Yes, Wave Accounting has an API

Reviews - 6 Verified Reviews

Total
ease
features
design
support

Company Details

Company:
Wave Financial
Year Founded:
2009
Headquarters:
Canada
Website:
www.waveapps.com/accounting

Media

Wave Accounting Screenshot 1
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Product Details

Platforms
SaaS
Type of Training
Documentation
Live Online
Webinars
In Person
Customer Support
Phone Support
Online

Wave Accounting Features and Options

Accounting Software

Accounts Payable
Accounts Receivable
Bank Reconciliation
Billing & Invoicing
CPA Firms
Cash Management
Cryptocurrency Support
Expense Tracking
Fixed Asset Management
Fund Accounting
General Ledger
Government
Multi-Currency
Nonprofits
Payroll Management
Project Accounting
Purchase Orders
Tax Management

Billing and Invoicing Software

Billing Portal
Contact Database
Contingency Billing
Customer Portal
Customizable Invoices
Dunning Management
Hourly Billing
Invoice History
Mobile Payments
Multi-Currency
Online Invoicing
Online Payments
Payment Processing
Project Billing
Recurring/Subscription Billing
Service Ticket Billing
Tax Calculator

Bookkeeping Software

Accounts Payable
Accounts Receivable
Bank Reconciliation
Billing & Invoicing
Cash Management
Collections
Expense Tracking
Fixed Asset Management
General Ledger
Payroll
Revenue Recognition
Spend Management
Tax Management

Real Estate Accounting Software

Accounts Payable
Accounts Receivable
Bank Reconciliation
Commission Management
Contract Management
General Ledger
Mobile Access
Payroll
Property Development Management
Reporting / Analytics
Work Order Management

Accounts Receivable Software

ACH Payment Processing
Billing & Invoicing
Check Processing
Collections Management
Online Payment Processing
Overpayment Processing
Partial Payments
Receivables Ledger
Recurring Billing

Expense Report Software

Approval Process Control
Invoice Management
Multi-Currency
Receipt Management
Reimbursement Management
Spend Control
Time Tracking
Workflow Management

Recurring Billing Software

Customer Portal
Deferred Billing
Discount Management
Dunning Management
Invoice History
Multi-Currency
Multi-Period Recurring Billing
Payment Processing
Recurring Donations
Subscription Billing

Wave Accounting Lists

Wave Accounting User Reviews

Write a Review
  • Name: Misty R.
    Job Title: Computer Software
    Length of product use: 6-12 Months
    Used How Often?: Daily
    Role: User
    Organization Size: 26 - 99
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to Recommend to Others
    1 2 3 4 5 6 7 8 9 10

    Wave accounting

    Date: May 31 2020

    Summary: Overall Wave can be used for small business or personal finance and it's free. I love this easy to use software.

    Positive: What I love about Wave is that the accounting and reports, sending invoices, receipt scanning and email support all included for FREE. You cant beat that!

    Negative: Well if you have to pick something to dislike about a FREE software I guess I'd have to say I dislike that Wave seemed so new and they are constantly updating and I'm always losing where things are kept. I have a terrible memory!

    Read More...
  • Name: Brandon P.
    Job Title: Marketing Coordinator
    Length of product use: 1-2 Years
    Used How Often?: Daily
    Role: User, Administrator
    Organization Size: 1 - 25
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to Recommend to Others
    1 2 3 4 5 6 7 8 9 10

    Best invoicing program

    Date: Apr 28 2020

    Summary: It's great for any business. Great for a free platform and only costs when you accept credit card payments.

    Positive: Easy to create invoices and really like how there's a mobile app to create invoices on the go. Can add team members too!

    Negative: They used to not have double entry accounting but they do now.

    Read More...
  • Name: Chet N.
    Job Title: Owner
    Length of product use: 2+ Years
    Used How Often?: Daily
    Role: User, Administrator, Deployment
    Organization Size: 1 - 25
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to Recommend to Others
    1 2 3 4 5 6 7 8 9 10

    Great and easy

    Date: Apr 13 2020

    Summary: Great for a business of any size. Amazing that it's free and only costs processing costs. Definitely a win.

    Positive: Love how professional invoices look and branded. That was the big selling point for me that others didn't have

    Negative: There is not much I don't like. They've done updates to remove what I didn't like

    Read More...
  • Name: William H.
    Job Title: Owner
    Length of product use: 1-2 Years
    Used How Often?: Yearly
    Role: User, Administrator, Deployment
    Organization Size: 1 - 25
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to Recommend to Others
    1 2 3 4 5 6 7 8 9 10

    Great Free App

    Date: Jun 19 2022

    Summary: This is a simple, perhaps rudimentary accounting software, but for small, simple operations, Wave may be all you need. Upgrade to Xero or Quickbooks online when things get more complex or you're ready to hire a bookkeeper (if they won't work in Wave)

    Positive: This is probably the best self-employed, low budget accounting solution available on the market because you can't beat the price (FREE).

    Negative: The reports are not nuanced. You won't get a P&L detail or a P&L by month across multiple months...the rules are not very dynamic.

    Read More...
  • Name: Nancy S.
    Job Title: Owner
    Length of product use: 2+ Years
    Used How Often?: Daily
    Role: Administrator
    Organization Size: 1 - 25
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to Recommend to Others
    1 2 3 4 5 6 7 8 9 10

    Accounting software

    Date: Dec 21 2023

    Summary: I am not sure that I will continue to use it after the mess this year still working on fixing the messes.

    Positive: It is free easy to use. It takes a lot to set it up but the invoicing and ease of payment for clients is great.

    Negative: This year this software has disappointed me it has lost bank connections and then tripled the transactions I am not happy and am looking for something that works better. The financial statements are not very professional looking. It does not always remember the proper place to put things and so you really have to be careful reviewing process has to be intense. I am not sure that I will continue to use it after the mess this year still working on fixing the messes. If you have more than one person as admin it screws it up so bad.

    Read More...
  • Name: John K.
    Job Title: President/CEO
    Length of product use: 2+ Years
    Used How Often?: Daily
    Role: User, Administrator, Deployment
    Organization Size: 1 - 25
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to Recommend to Others
    1 2 3 4 5 6 7 8 9 10

    Don't trust your business finances to this company

    Date: May 06 2021

    Summary: We were on Wave for about 5 years and become dependent on their systems. Suddenly they removed support for our Wells Fargo Bank feed and blamed their bank feed integration partner. We verified directly with the bank feed integrator that they still supported the feed from our bank. I complained and complained to Wave's India support and finally confronted them with what the feed integrator said. They were completely dismissive. When I said they didn't understand the needs of a US business, the support manager went into a tirade and terminated any future support for our account. I filed a BBB complaint and the company responded that I was "insensitive" and refused to do anything. We're now having trouble getting our financial data out of their systems. These are horrible entitled people. Here's a perfect example of the cost of free. It's costing us 10s of thousands of dollars to migrate and reconstitute our financial data to a new SaaS provider. Buyer Beware.

    Positive: We could manage the accounting for our small business until we couldn't. The software worked until it didn't.

    Negative: Zero respect for the criticality of a businesses accounting systems and data

    Read More...
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